CNNMoney: Tim Geithner tells Obama: I'll stay in job
Treasury Secretary Tim Geithner is staying put, the Obama administration announced Sunday. "Secretary Geithner has let the president know that he plans to stay on in his position at Treasury," a Treasury spokeswoman said in a statement. Geithner plans to stay at least into the fall of 2012, an administration official told CNN.

CNNMoney: Rating downgrade: Did S&P get it right?
A credit rating is an informed opinion. Nothing more. Nothing less. That helps explain why one major credit rating agency - Standard & Poor's - has downgraded the United States, while another - Moody's - has chosen to affirm its credit rating with caveats.

CNN: Video shows white teens driving over, killing black man, says DA
On a recent Sunday morning just before dawn, two carloads of white teenagers drove to Jackson, Mississippi, on what the county district attorney says was a mission of hate: to find and hurt a black person. In a parking lot on the western side of town they found their victim.

CNN: 'I wouldn't wish this on anyone,' Navy SEAL widow says
Navy SEAL Aaron Vaughn "wouldn't want to leave this Earth any other way than how he did," his wife told CNN, a day after she learned her husband was one of 30 U.S. service members killed in a helicopter crash Saturday in Afghanistan. "He loved his job," Kimberly Vaughn said.

CNN: 100 new arrests as 'copy cat' violence plague London
Police in London arrested more than 100 people Sunday night and early Monday in connection with violence that has afflicted London neighborhoods following riots in the city's Tottenham enclave over the weekend. The arrests are in addition to 61 others made Saturday night and Sunday morning.

CNN: 'No justification' for Syrian clampdown, Saudi king says
Saudi Arabia's King Abdullah condemned the crackdown on anti-government protesters in Syria on Sunday, saying there is "no justification for the bloodshed." In a written statement released via Saudi state television Sunday night, Abdullah said the kingdom had recalled its ambassador from Damascus for consultations.

CNNMoney: Stocks after the downgrade
Standard & Poor's decision late Friday to downgrade the United States' credit rating sparked fear and many questions: Would stocks tank, first in Asia Sunday night and then in New York Monday morning? Would interest rates on U.S. Treasuries spike higher?

CNN: Strike hits Verizon as 45,000 walk out
About 45,000 unionized workers at telecommunications giant Verizon walked off the job Sunday after contract talks stalled over the weekend, the company and union leaders said. Contracts with the Communication Workers of America and the International Brotherhood of Electrical Workers from Virginia to Massachusetts expired at midnight Saturday.

soundoff(2 Responses)

diridi

GOP's Bickering is the main reason to this nation's mess....listen, true....get rid of all these GOP Tea Party bastards from USA!!!!Be courageous, start living within your means, Tax rich who make more than 250k or more, restrict Visa procedures, Immigration to be strict, Watch all these India guys, they are cheating on these., listen, true... Citizenship needs to be restricted, just because kids are born, do not give citizenship to parents, etc,

August 8, 2011 07:14 am at 7:14 am |

MARTY

S&P said that even expiring the bush tax cuts that they wouldve downgraded the u.s. debt. It is the spending that needs to be cut. The tea party is right.